Total technology industry cross border M&A deals worth $2.2bn were announced in the US in June 2022, with Siemens’ $1.88bn acquisition of Brightly Software being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 238.9% over the previous month of $637.4m and a drop of 37.6% when compared with the last 12-month average of $3.46bn.
The US held a 39.20% share of the global technology industry cross border M&A deal value that totalled $5.51bn in June 2022.
In terms of cross border M&A deal activity, the US recorded 32 deals during June 2022, marking an increase of 28.00% over the previous month and a drop of 34.69% over the 12-month average.
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By GlobalDataUS technology industry cross border M&A deals in June 2022: Top deals
The top five technology industry cross border M&A deals accounted for 97.7% of the overall value during June 2022.
The combined value of the top five technology cross border M&A deals stood at $2.11bn, against the overall value of $2.2bn recorded for the month.
The top five technology industry cross border M&A deals of June 2022 tracked by GlobalData were:
1) Siemens $1.88bn acquisition deal with Brightly Software
2) The $140m acquisition of XPS Technologies by Descartes Systems Group
3) The Brandtech Group $50m acquisition deal with Acorn Intelligence
4) The $32.5m acquisition of Forgotten Software by Keywords Studios
5) Bucket Studio $17.33m acquisition deal for 23.8% stake with Aqara